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Business News of Wednesday, 26 July 2023

Source: www.legit.ng

New NBS report reveals Nigerian states with cheapest, highest prices of cooking gas

The photo used to illustrate the story The photo used to illustrate the story

The National Bureau of Statistics said the price for refiling a 5kg cooking gas cylinder fell by 6.7% monthly to N4,068 in June 2023 from N4,361 in May 2023.

On a year-on-year basis, the price of cooking gas plummeted by 3.56% from N4.218 in June last year.

Kwara, Niger and Zamfara states have highest prices for cooking gas

Kwara State has the highest average price for refiling a 5kg cylinder at N4,750, followed by Niger with N4,691 and Zamfara with N4,683.

Ondo, however, recorded the lowest price at N3,288, followed by Ekiti and Nasarawa states with N3,288 and N3,365, respectively.

The statistical body said the North-Central zone had the highest average retail price for refiling a 5kg cooking gas at N4,422, followed by the North West with N4,260, while the South West recorded the lowest at N3,709.

Also, the average retail price for refiling 12.5kg of cooking gas dropped by 4.35% monthly to N9,123 in June 2023 from N9,5378 in May 2023.

BusinessDay reports that on a year-on-year basis, the price of cooking gas dropped by 3.82% from N9.486 in June 2022.

The report says Cross River state saw the highest average retail price for refiling 12.5kg of cooking gas at N10,096, followed by Ogun state with N9,876 and Anambra state with N9,833.

Adamawa State recorded the lowest price of cooking at N7,500, followed by Zamfara and Borno states with N7,929 and N8,000, respectively.